by Christopher Nye | Sep 24, 2019
The Bundesbank released its latest report yesterday, in which it warned of the possibility of a further contraction in the German economy. Earlier in the morning, Eurozone and German PMI figures came in below expectations, putting further pressure on the euro....
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by Christopher Nye | Sep 24, 2019
The Supreme Court’s verdict on the prorogation of Parliament is due to be released at 10:30am this morning. A ruling against the government may weigh on the pound, due to increased uncertainty. Alternatively, if the judges decide that Parliament should be recalled,...
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by Christopher Nye | Sep 24, 2019
The pound is choppy as the Supreme Court is set to announce its decision on Parliament’s prorogation at 10:30 this morning. Sterling was already under pressure yesterday after Michel Barnier said it was ‘difficult to see’ how a deal could be reached soon. European...
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by Christopher Nye | Sep 23, 2019
The pound was boosted last week when Jean-Claude Juncker the EU president said he didn’t have an “erotic relationship” with the Irish backstop and that a deal could be found. Really, he is the gift that keeps on giving. If finding a deal is about personal chemistry...
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by Christopher Nye | Sep 23, 2019
The dollar finished the end of last week on a strong note, due to hopes of progress in US-China trade talks. The US made the decision that some Chinese goods would be exempt of tariffs, signalling a positive step forward. New York Fed President John Williams, St Louis...
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